Andre decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700 . How much did Andre pay for his computer?
a. $700
b. $2,300
c. $3,000
d. $3,700
B
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A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances,
$500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed. The bank's deposits that are part of M1 are equal to A) $1,900. B) $400. C) $1,210. D) $530. E) $410.
The government increases taxes. As a result, in the short run, real GDP ________ and the price level ________
A) increases; rises B) decreases; falls C) decreases; rises D) increases; falls
Net worth and assets are the same
Indicate whether the statement is true or false
The Coase theorem will hold only if:
A. government will provide free mediation. B. the transactions costs are clearly identified and assigned. C. the contracts are enforceable. D. None of these statements is true.